3 facts about capital gains taxes

1. You will pay a lower rate if you own a stock and sell it for a gain if you hold it for more than a year. Short Term (less than a year) gains are taxed at your income tax rate. Long Term (longer than a year) gains are taxed at either 0%, 15%, or 20%.
2. You can owe capital gains on a mutual fund position that you never sell. This is typically not the case when you own an ETF (exchange traded fund) or an individual security (stock or bond).
3. There are strategies you can deploy when you are selling an asset such as a stock, a business, or real estate to help mitigate or defer capital gains taxes.

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The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation